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Cumberland County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Cumberland County, Maine based on real HMDA transaction records.

Loan Details

Cumberland County, ME Benchmarks

FHA averages
Typical Property Value$474,165
Average Down Payment14.7%
Average Interest Rate6.202%
Effective Tax Rate1.01%
Median Tax Paid$4,707/yr
Tax Growth (Historical)-0.2%
Based on 491 regional loans totaling $188,205,000 (HMDA database).
$
%

$69,702 down · $404,463 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$399 / month

$

Annual premium

$

Per month

%

$171 / month

Estimated Monthly Payment

$3,241/mo

  • Principal & Interest$2,521
  • Property Tax$399
  • Home Insurance$150
  • FHA MIP$171
Amortization · Remaining Balance

Financed Loan Amount

$411,541

Total Interest

$495,861

Total of Payments

$907,402

*Includes financed FHA Upfront MIP of $7,078

Local Market Insights

Cumberland County FHA Mortgage Overview

In Cumberland County, the 14.71% FHA down payment provides accessible entry for owner-occupants, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life regardless of equity. The 85.29% loan-to-value ratio confirms this is a standard primary residence purchase. With a 1.01% effective property tax rate and a recent -0.2% inflation-adjusted tax shift, monthly affordability is slightly improved. For those using an FHA loan with PMI and taxes in Cumberland County, ME, these factors keep true housing costs stable.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.